Precision Heliparts, Inc. Purchases Division of Dallas Airmotive
Precision Aviation Group, Inc., announces the purchase of Precision Avionics & Instruments, an FAA Component Repair Station, from Dallas Airmotive/BBA Aviation. Precision Avionics & Instruments (PAI) becomes the third member of Precision Aviation Group, joining Precision Heliparts, Inc. (PHP) and Precision Heliparts Canada, Inc. (PHC). The purchase of PAI will bring their combined revenues to $18 million USD annually and give Precision Aviation Group a solid base for expansion into the fixed wing market.
According to Scott James, Marketing Director for Precision Aviation Group, BBA Aviation no longer considered PAI to be a strategic fit in their group of aviation companies. One of PAI’s core competencies has been supporting turboprop aircraft used by regional airlines and domestically ERJ and CRJ regional jets have largely displaced these aircraft. Oddly enough, this exodus of turboprop equipment from the U.S. enhanced PAI’s value as a strategic partner for Precision Heliparts, Inc.
“About forty percent of our helicopter business is international,” says Scott. “and you need to understand that international operators, especially outside of Canada or Europe, are different than here in the U.S. Here in North America and Europe the aviation market is highly developed and operators usually specialize in one class of aircraft operations ” regional, corporate, general aviation or helicopter. There is some crossover, but typically you don’t see something like a regional airline operator who also has helicopters. Overseas it is different, they frequently integrate aircraft types. For example we have a Middle Eastern customer with DHC-8s and helicopters; we have a Pacific Rim customer with an Emb120 Brasilia, two Twin Otters, a Kingair 200, and helicopters. The Beech Kingairs in particular are widely used with a number of helicopter operators. Add to the list piston utility twins like Cessna 402s, Piper Pa31s and large single Cessna 206/207s and Piper Saratogas. You get some very eclectic mixes.”
Precision Aviation Group, Inc. is wholly owned by David B. Mast, W. Scott James, and other investors.
About Precision Aviation Group
Precision Aviation Group (PAG) is a leading provider of products and value-added services to the worldwide aerospace and defense industry. With 11 locations and more than 250,000-square-feet of sales and service facilities in the United States, Canada, Australia and Brazil, PAG uses its distinct business units and customer-focused business model to serve aviation customers through two business functions – Aviation Supply Chain, and its trademarked Inventory Supported Maintenance, Repair and Overhaul (ISMRO®) services.
PAG provides MRO and Supply Chain Solutions for Fixed- and Rotary-wing aircraft through: Precision Heliparts – PHP (www.heliparts.com); Precision Aviation Services – PAS (www.precisionaviationservices.com); Precision Accessories & Instruments – PAI (www.precisionaccessories.com); Precision Heliparts Canada – PHP-C (www.heliparts.ca); Precision Accessories & Instruments Canada – PAI-C (www.precisionaccessories.ca); PHP-Instruments & Accessories – PHP-LA (www.heliparts.la); Precision Heliparts – Latin America (www.precisionaviationgroup.com/php-br) Precision Aero Technology – PAT (www.precisionaerotechnology.com), Precision Heliparts – Australia – PHP-AU (www.precisionheliparts.com.au), Precision Accessories & Instruments – Australia (PAI-AU) (www.precisionaccessories.com.au) and Precision Aviation Controls, Inc. – PAC (www.precisionaviationcontrols.com). PAG subsidiaries have MRO capabilities on over 35,000 products, including accessories, avionics, engine components, hydraulics, instruments, NDT, starter/generators, and wheels/brakes (www.precisionaviationgroup.com).